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News & Current Events May 4, 2026 at 7:30 PM

Wall Street drops from its records and oil prices jump after fighting flares in the Middle East

Posted by YesterShill


Wall Street falls from its records and oil prices jump after fighting flares in the Middle East
AP News
Wall Street falls from its records and oil prices jump after fighting flares in the Middle East
U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran.

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34 Comments

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Captain_Aware4503 6 days ago +217
Brent Crude is at 114. up 89% of the year. Up 4% for the month of May already.
217
jupfold 6 days ago +83
I’ve read some near term forecasts are $126. Longer term potentially pushing $150-200 if this doesn’t change course soon. I expect more airlines to collapse or require government intervention.
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BrofessorFarnsworth 6 days ago +471
Dow is under 50k, does this mean we can talk about the Epstein files?
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TRtheCat 6 days ago +83
For us peasants, it means little to nothing. That's for the Trump-Epstein class.
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ViolettaQueso 6 days ago +22
Except we’ll lose our jobs, and companies we rely on for goods & services will go under from the weight of this crushing inflation that has no end in site.
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Warcraft_Fan 6 days ago +14
In B4 Trump orders a loaded plane to be shot down because it had "terrorists" controlling it to distract from low stock market and the cursed file
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k_realtor 6 days ago +8
You could but why would people talk about the files when the news outlets will cover the BIG NEWS about next week or next month on how Trump survived a planned assassination that happened 70 miles away from the White House while he was playing Golf in Florida and make it about his ballroom?
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AggressiveSkywriting 6 days ago +6
I know the joke, but god though, I'm just going to say it: The Epstein files do not matter and will not save us because MAGA has already shown that they absolutely do not care that Trump is a monster. He could stream himself doing SA on rumble and his voters would just call it AI or say "Joe did it worse actually." Do I wish we could get accountability for what's in them? YES, but at this rate we're gonna be loaded up onto train cars to be shipped to the "concentration warehouses" and someone chained up next to me is gonna go "ah yeah, another distraction for the epstein files"
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SleepingToDreaming 6 days ago +179
"BuT aLl PoLiTiCiAnS aRe ThE sAmE!" I get so sick of that tired fence sitting shit.  Trump is not a politician and neither is 90% of his cabinet.  Time to wake up and realize that this is a grift not a normal 'MURICA blue/red situation.
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xt1nct 6 days ago +56
People that say that are dumb af. Yes, politicians make some decision that are the same based on the parties supporting them, but dems and republicans couldn’t be more different.
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SleepingToDreaming 6 days ago +18
Some are, indeed, dumb, but some have this weird "check out" policy when politics are involved not realizing that they have political views all the time with their values day in and day out without realizing it so, their statement that both major parties are similar is a gigantic cop out from a mind that doesn't want to dig deeper into the facts and, instead, accepting surface level talking points that fit their bullshit narratives.
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Dull_Bird3340 6 days ago +12
They're the 'same' because Dems aren't perfect to them, totally ignoring the fact that voters aren't perfect and vote for selfish short sighted reasons. But they'll teach them a lesson by not voting! Which only makes Dems moderate and go for the dependable voters who always show up, the older middle class suburbanites and college graduates.
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OnlyHalfCorrect 6 days ago +3
And just what the goddamn f*** has Chuck Schumer done for the democratic party lately? Continue to fund Israel? Maybe another strongly worded letter will stop the Trump regime this time. I'm sure if trump could read he'd be devastated. We're not saying they're "the same", obviously "less worse" is better than "the worst possible" but it's high f****** time we stopped pretending the corporate Dems have the public's best interest at heart. They wouldn't even support Mamdani over Cuomo. Neoliberal dems will *always* support capital first. They do not have the public's best interest at heart, no matter how much they say it out loud. We expect better because we deserve politicians that actually serve *our* interests.
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afoxboy 6 days ago +2
then vote for them lmao
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dominiond66 6 days ago +57
Republican erratic policies create daily drama for Wall Street and any domestic or international investor. The US dollar has been for decades the world's strongest currency which benefits America in so many ways has been under assault with his GOP administration. America is acting like a unstable third world nation and this must end or else ....? A further weaken US dollar would be a disaster for consumers and tax payers as the interest rates to pay off our $38 Trillion escalates to unsustainable levels. Domestic and internation markets could collapse if MAGA America continues to act like an unstable third world dictatorship. What a freaking mess Republicans have given us! Clearly, they cannot govern.
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Due_Warthog725 6 days ago +26
> Clearly, they cannot govern. but they sure can grift away
26
[deleted] 6 days ago +18
[deleted]
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A_Nonny_Muse 6 days ago +14
Their intention is to f*** away all of our voting rights too.
14
musubi-n-speedballs 6 days ago +15
"Clearly, they cannot govern." That was never their intention. 
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IAMA_Plumber-AMA 6 days ago +2
They never wanted to govern. They want to rule like kings.
2
Abomb 6 days ago +12
Incoming "It's Biden's mess"
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RockerElvis 6 days ago +7
They are already doing that. Hegseth went on and on about how only Trump has done something that other presidents were too chicken to do. Conveniently ignoring that Trump was president from 2016-2020.
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A_Nonny_Muse 6 days ago +40
Israel thinks a cease fire means you cease while they fire.
40
Responsible-Reason87 6 days ago -23
they cease while YOU fire
-23
jleonardbc 6 days ago +26
Huh? The Nasdaq hit an all-time high on Friday, and it's only down ~0.5% from that level at today's close. Same goes for the S&P 500. Meanwhile the Dow Jones is down only ~2% from all-time high. "Wall Street drops from its records" is simply misleading. Wall Street is as untethered from our apocalyptic reality as ever.
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Otainn 6 days ago +5
Well played, sir. Had me there for a second.
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TrickyChildhood2917 6 days ago +18
Should self correct tomorrow, stocks ONLY go up. Without the stock market the U.S. economy will collapse - there is nothing else but AI speculation as far as the eye can see, and gambling websites that are all the rage :) See today’s exciting story “ a meme stock to possibly buy eBay. Nothing more to say, it’s poison, it’s everywhere.
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goldenboy2191 6 days ago +13
Man, living through “historic times” is kinda mid…
13
roamingroad174 6 days ago +2
Good thing I bought a years worth of oil changes for all those the family vehicles. Im locked in at $35 an oil change.
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holdenking5150 6 days ago +1
We should be talking about the epstein case.
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Kevin686766 6 days ago
My new investment platform allows you to Link your PayPal, Robinhood, or Standard bank account to our platform. Instead of letting the politicians and big business take your money you can invest it.  My program is based on a algorithm that predicts how politians will effect the stock market to benefit themselves. We take advantage of their illegal manipulations of the stock market and predict how they will change it. All that is sarcasm for the people that can't figure out humor. If you are dumb enough not to realize it I have a po box you can send money orders with your investment to.
0
DoublePostedBroski 6 days ago +1
On Friday there were be a cease fire.
1
ReSearch314etc 6 days ago -5
Sounds like a Bond thriller🤔🤑
-5
Blubbolo 6 days ago -3
Winning, repeated for 1h. https://x.com/WhiteHouse/status/2050588054461489494?s=20
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